Sugarloaf Production Update

RNS Number : 2035O

Empyrean Energy PLC

09 October 2012

 



9 October  2012

Empyrean Energy PLC

("Empyrean" or the "Company"; Ticker: (EME))

Sugarloaf Project : Onshore Texas, USA

Production and Operational Update

·    Empyrean reaches milestone of 50 wells in production at Sugarloaf

Production

The following is a summary of 30 and 60 day production data recently received for the following wells at the Sugarloaf Project:

	Working Interest	Total Gas Production (mmscf)	Total Condensate Production (bbls)	Average Daily Equivalent Oil Rate (boe/d)*
Gilley Unit 2H - 30 day	3.0%	23.4	15,570	649
Franke Johnson 2H - 60 day	0.953%	59.3	19,592	491
Children Weston 2H - 60 day	3.0%	151.9	27,988	888

*The wells have had the Average Daily Equivalent Oil Rate recalculated on a simple 6:1 basis.

Further production results will be released as they come to hand.

Operations

Empyrean currently has 50 wells in production in total at the Sugarloaf Project. In addition there are currently 4 wells being drilled and a further 3 wells in the process of having completion/ stimulation operations carried out.

This is a continuation of the rapid ramp up in development activities that has occurred at Sugarloaf this year.

The information contained in this announcement was completed and reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has over 40 years experience as a petroleum geologist.

For further information

Empyrean Energy plc 

Tom Kelly

[phone]

Shore Capital

Anita Ghanekar

Edward Mansfield

[phone]

 

END

 

 

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